Komainu, to acquire Crypto Custodian Propine in Singapore Expansion
Komainu, backed by Nomura, is set to acquire Singapore-based crypto custodian Propine, which is pending regulatory approval. As long as the Monetary Authority of Singapore (MAS) agrees, Komainu, the crypto custody company backed by Nomura, will buy Propine Holdings Pte Ltd., a Singapore-based custodian. On Tuesday, Komainu said the planned purchase would help the company’s […]
WazirX Accused of Suspicious Transfers After July Hack
The legal dispute escalated as CoinSwitch filed a lawsuit against WazirX, accusing it of fraud and freezing its assets after a $230 million security breach. Ashish Singhal, the co-founder of the Indian cryptocurrency exchange CoinSwitch, accused the competing platform WazirX of transferring customer funds totaling $75 million to international exchanges like Bybit and KuCoin. The […]
DBS Introduces Blockchain-Based Banking for Institutions
DBS Bank has announced “DBS Token Services” for real-time blockchain payment settlements, which use smart contracts to improve security and transparency. Singapore’s DBS Bank has launched a new range of blockchain-powered services for its institutional clients. In an announcement shared, DBS introduced the “DBS Token Services,” which enable real-time payment settlements via the bank’s permissioned […]
WazirX to Meet Conditions During 4 Month Moratorium
WazirX’s founder, Nischal Shetty expressed gratitude for the court’s decision, emphasizing the need for a fair and legally binding resolution process. A Singapore High Court has imposed a number of requirements on the WazirX exchange following the granting of a four-month moratorium. The moratorium application’s approval paves the way for the exchange to devise a […]
Visa, dtcpay Partner to Expand Crypto Payments in Singapore
Visa, a payment service provider, has partnered with Singapore’s dtcpay to broaden its crypto payments network and further boost crypto adoption. As part of the partnership, the global payment provider will incorporate dtcpay’s digital payment services into its global payment network, which spans 200 countries and more than 130 million merchants. This development significantly increases […]